Microsoft to cut 1,850 jobs at struggling smartphone unit
HELSINKI/SAN FRANCISCO (Reuters) - Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd. In a move that clearly puts the stamp of two-year chief executive Satya Nadella on the U.S. company, Microsoft said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. It did not say how man
Read more »